GDF And Suez Still On Watch As Merger Nears Completion - S&P Global Ratings’ Credit Research

GDF And Suez Still On Watch As Merger Nears Completion

GDF And Suez Still On Watch As Merger Nears Completion - S&P Global Ratings’ Credit Research
GDF And Suez Still On Watch As Merger Nears Completion
Published Jul 15, 2008
761 words — Published Jul 15, 2008
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

PARIS (Standard&Poor's) July 15, 2008--Standard&Poor's Rating Services said today that its 'AA-/A-1+' long- and short-term corporate credit ratings on French gas incumbent Gaz de France S.A. (GDF) remain on CreditWatch negative, and its 'A-/A-2' ratings on Franco-Belgian multi-utility Suez S.A. remain on CreditWatch positive, until the completion of the merger of the two entities. We originally placed the ratings on CreditWatch on Feb. 27, 2006, following the initial merger announcement. Upon completion of the merger, Standard&Poor's expects to assign ratings of 'A/A-1' to the combined group, GDF SUEZ S.A. The outlook will likely be positive. The new rating will effectively entail a downgrade of the renamed GDF, and a withdrawal of our ratings on

  
Brief Excerpt:

RESEARCH GDF And Suez Still On Watch As Merger Nears Completion Publication date: 15-Jul-2008 Primary Credit Analyst: Hugues De La Presle, Paris (33) 1-4420-6666; hugues_delapresle@standardandpoors.com Secondary Credit Analyst: Peter...

  
Report Type:

Ratings Action

Issuer
Engie S.A.
GICS
Multi-Utilities (55103010)
Sector
Global Issuers, Structured Finance
Country
France
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "GDF And Suez Still On Watch As Merger Nears Completion" Jul 15, 2008. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/GDF-And-Suez-Still-On-Watch-As-Merger-Nears-Completion-659620>
  
APA:
S&P Global Ratings’ Credit Research. (). GDF And Suez Still On Watch As Merger Nears Completion Jul 15, 2008. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/GDF-And-Suez-Still-On-Watch-As-Merger-Nears-Completion-659620>
  
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